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what you're looking at is people, perhaps, moving to get ahead of the obama administration's new and highly unattractive tax plan for investors. big winners on the day, financials, citi group stock up after announcing they are laying off 4% of the work force, cutting cost, bank of america and travelers example of the financialses movg higher. marathon, chevron, conoco all higher. crude oil down for a second straight day closing under 88 a barrel, an ten yeartreary down to 1.59%. no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry forhe report. >> trying to lay blame for stalled buet talks
what you're looking at is people, perhaps, moving to get ahead of the obama administration's new and highly unattractive tax plan for investors. big winners on the day, financials, citi group stock up after announcing they are laying off 4% of the work force, cutting cost, bank of america and travelers example of the financialses movg higher. marathon, chevron, conoco all higher. crude oil down for a second straight day closing under 88 a barrel, an ten yeartreary down to 1.59%. no progress in...
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attorney or it's a trial balloon from the obama administration. and i think more likely, it's a trial balloon. because obama himself has said, look, i'm the president, but i can't legalize marijuana, because congress has outlawed it. either way, it is a trial balloon in the sense that it's going to have a chilling effect on the evolution of the industry in washington. the governor of the state, the regulators, when they get together to hash out the structure of the market, they are conspiring to break federal law. they're committing a crime. >> right. so how is that going to play out? in both these states, you have, you know, basically the law says they're going to have legalized marijuana growth and distribution and regulate it. can any of that even take place, unless there is some resolution from the federal government about how they're going to treat it? >> i think the state's going to move forward and wait to hear. they can't expect any resolution before they move forward. they have one year to do something that no one has ever done, create th
attorney or it's a trial balloon from the obama administration. and i think more likely, it's a trial balloon. because obama himself has said, look, i'm the president, but i can't legalize marijuana, because congress has outlawed it. either way, it is a trial balloon in the sense that it's going to have a chilling effect on the evolution of the industry in washington. the governor of the state, the regulators, when they get together to hash out the structure of the market, they are conspiring...
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Dec 6, 2012
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this puts the obama administration in a very difficult position. it puts nato in a very difficult position. is there something preemptive that it must do in order to prevent the assad regime from using these weapons? is there any warning or emissary that can be sent to tell them that this is a red line and that it should not be done? >> excellent question about moving preemptively because the red line would mean that basically people would have to die, jennifer, in order for that line to be crossed. so then you ask can something be done to keep that from happening? real quickly al qaeda and other militants sometimes will move in and cede ground when conflicts are happening. >> i think what we have been seeing in syria and because the situation has been festers in syria for such a long time, you have seen various factions taking advantage of the an arcky. certainly there is concerns and some evidence that al qaeda-linked groups have tried to operate within syr
this puts the obama administration in a very difficult position. it puts nato in a very difficult position. is there something preemptive that it must do in order to prevent the assad regime from using these weapons? is there any warning or emissary that can be sent to tell them that this is a red line and that it should not be done? >> excellent question about moving preemptively because the red line would mean that basically people would have to die, jennifer, in order for that line to...
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administration officials, u.s. president barack obama, u.s. secretary of state hillary clinton that the use of chemical weapons in syria was a red line for which syria and the bashar al assad regime would face severe consequences if they ever did cross that red line and utilize chemical weapons against the people of syria. >> and we have no idea what those severe consequences would be, right? >> reporter: that's right, we don't. you know, people speculate that this would mean some type of military intervention, but we also know that a lot of world powers have not wanted to intervene militarily in syria. that they've wanted what's going on in syria to happen within syria. but the fear is if chemical weapons are utilized, and again, the syrian regime has said on many occasions, they are not going to use chemical weapons against their population, that that would mean there would be some type of military intervention, although it's unclear what scope that type of military intervention would take. >> mohammed jamjoom live in beirut, thanks very muc
administration officials, u.s. president barack obama, u.s. secretary of state hillary clinton that the use of chemical weapons in syria was a red line for which syria and the bashar al assad regime would face severe consequences if they ever did cross that red line and utilize chemical weapons against the people of syria. >> and we have no idea what those severe consequences would be, right? >> reporter: that's right, we don't. you know, people speculate that this would mean some...
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the obama administration is right they don't want to go into syria. they have avoided a u.s. military intervention but chemical weapons changes everything in the calculation. the a divisive and dangerous moment in the syrian civil war. >> it's scary, scary stuff. ambassador, i want to get your take on one other thing. secretary of state clinton had some comments about ambassador rice, someone who is speculated as her successor to secretary and of state. i want to play that for you. >> it's important to remember what susan said was based on the information that had been given to every senior official. in our administration. and she made very clear in her appearances that the information was subject to change, as more facts were gathered and analyzed by the intelligence community and looked, as often the case, our understanding evolved over time. and we've done our best to keep the american people and the congress informed. that was her goal. >> so obviously, secretary clinton offering a vigorous defense of susan rice, the context obviously being the attacks on benghazi and lib
the obama administration is right they don't want to go into syria. they have avoided a u.s. military intervention but chemical weapons changes everything in the calculation. the a divisive and dangerous moment in the syrian civil war. >> it's scary, scary stuff. ambassador, i want to get your take on one other thing. secretary of state clinton had some comments about ambassador rice, someone who is speculated as her successor to secretary and of state. i want to play that for you....
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the obama administration has said the study will be central to the decision on whether to export. he said exporting the gas would be a bigger impact on the economy. >> slap in the face of dow chemical. of coke, not coke the beverage company. but this was something that was hotly disputed within the romney campaign. he really let this stuff go because the romney campaign had some very big givers that were chemical companies. >> do we know, say, very bad, how much will prices conceivableably go up if we become an exporter of natural gas? is it that great a difference? >> we burn offer more natural gas than we use. burn off, in other words literally, you see those flames, we flare more than we use. so we got a real excess of this stuff. >> the government says that the -- 6.6% of current u.s. consumption. >> why would prices move that dramatically at all? wouldn't they just come down globally? >> the average, our $16 goes to $4. it costs $7 to get stuff from the united states. >> you should argue that they should go down because they went be the only one. dominion has brooif cove, tha
the obama administration has said the study will be central to the decision on whether to export. he said exporting the gas would be a bigger impact on the economy. >> slap in the face of dow chemical. of coke, not coke the beverage company. but this was something that was hotly disputed within the romney campaign. he really let this stuff go because the romney campaign had some very big givers that were chemical companies. >> do we know, say, very bad, how much will prices...